Bernard de Mandeville - a Dutch philosopher, political economist and satirist. Born in Rotterdam, Netherlands, he lived most of his life in England and used English for most of his published works. He became famous for The Fable of the Bees
Definition of laissez-faire economics: One of the guiding principles of capitalism, this doctrine claims that an economic system should be free from government intervention or moderation, and be driven only by the market forces.
Covers laissez-faire, Social Darwinism, and Andrew Carnegie's Gospel of Wealth. In this mini-DBQ, students can work independently or in small groups to read and analyze excerpts from Adam Smith on laissez-faire economics, Herbert Spencer on Social Darwinism, and Andrew Carnegie on the "Gospel of Wealth." The document excerpts and guided questions will help students develop a deeper understanding of the philosophies underpinning the Gilded Age and Progressive Era in the United States.